Spokesman Erik Hoofnagle says the organization bought the former Rock Island Lines yard earlier this year.
"We're kind of like a museum campus that's going to be a working campus where we'll be constantly working on renovating old railroad equipment for re-use."
On Saturday, Railroading Heritage will hold an invitation-only event to show off the locomotives, raise money, and to talk about its plans for the property in Silvis.
"What we're calling "walk among giants." It gives people an opportunity to see this stuff up close and firsthand on a small crowd basis."
In addition to the three locomotives, Hoofnagle says his group also owns a caboose, and dining and baggage cars. Renovations are also planned for the buildings and other facilities on the property, with hopes for hosting rail excursions sometime in the future.
The property in Silvis covers 90 acres, has 11 miles of track, and the shop facilities cover 400,000 square feet.
